Input service on cost allocation between sister concern
This query is : Resolved
14 May 2012
Hi,
If service received by parent company and 50% of such service cost allocated to its sister concern then how much input service taken by parent co. and sister co
for example:- below Exp bear by Parent co
Professional Service Rs 100000
service tax Rs 10300
Allocate 50% cost to sister concern Rs 50000
so my question is whether parent co is takent cenvat Rs 5150 or 10300?
THANKS
If service received by parent company and 50% of such service cost allocated to its sister concern then how much input service taken by parent co. and sister co
for example:- below Exp bear by Parent co
Professional Service Rs 100000
service tax Rs 10300
Allocate 50% cost to sister concern Rs 50000
so my question is whether parent co is takent cenvat Rs 5150 or 10300?
THANKS
14 May 2012
Hi,
Why don't you make this issue simpler by getting two bills for parent co. and sister concern separately?
Regads,
Why don't you make this issue simpler by getting two bills for parent co. and sister concern separately?
Regads,
14 May 2012
Dear Siju ji,
thanks for this suggestion but right now service provider has raised only one bill so please suggest me for taking cenvat at above situtation.
THANKS
thanks for this suggestion but right now service provider has raised only one bill so please suggest me for taking cenvat at above situtation.
THANKS
15 May 2012
Hi,
Suggestion 1
i don't think that you can take 50% credit in your sis co. since the bill is not addressed to ur sis co.
Suggestion 2
Get added your sis co.name at-least in the description of that bill with their seal and sign. So that Service Tax authority may not ineligible input credit by assuming this is a genuine case.
Suggestion 1
i don't think that you can take 50% credit in your sis co. since the bill is not addressed to ur sis co.
Suggestion 2
Get added your sis co.name at-least in the description of that bill with their seal and sign. So that Service Tax authority may not ineligible input credit by assuming this is a genuine case.
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